DEN Networks Limited (DEN) AI Stock Analysis

• Market Cap: ₹14.62B
• Dividend Yield: N/A
• Average Volume (3M): 23.20K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 1.41
• Revenue Growth: -3.51%
• EPS Growth: -14.31%
• Country: IN
• Employees: 612
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): 0.74
• Shares Outstanding: 477,223,850
• 10 Day Avg. Volume: 33,704
• 30 Day Avg. Volume: 23,203
• PEG Ratio: -1.16
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 1.54
• P/FCF Ratio: -67.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹33.00 ▲(3.48% Upside)

DEN Networks Limited's overall stock score is primarily influenced by its mixed financial performance, with strong profitability but declining revenue and cash flow volatility. The technical analysis indicates bearish momentum, while the valuation suggests potential undervaluation. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Strong Profitability

Strong profitability indicates effective cost management and operational efficiency, which can support long-term financial stability and shareholder returns.

Low Leverage

Low leverage reduces financial risk and increases flexibility in capital allocation, allowing the company to invest in growth opportunities without excessive debt burden.

High Equity Ratio

A high equity ratio signifies a strong financial foundation, providing resilience against economic downturns and supporting long-term strategic initiatives.

Negative Factors

Declining Revenue

Declining revenue can hinder growth prospects and market competitiveness, necessitating strategic adjustments to revitalize sales and maintain market position.

Cash Flow Volatility

Volatile cash flows can impact liquidity and operational sustainability, potentially requiring reliance on external financing to support ongoing operations and growth.

Inconsistent Margins

Inconsistent margins suggest operational inefficiencies, which could affect profitability and require strategic focus on optimizing cost structures and improving operational processes.

DEN Networks Limited Business Overview & Revenue Model

Company Description

DEN Networks Limited engages in the distribution and promotion of television channels through digital cable distribution network in India. It operates through Cable and Broadband segments. The company also offers cable TV, over-the-top entertainment, and broadband services. It serves approximately 13 million households primarily in 13 states in India, including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand. The company was formerly known as DEN Digital Entertainment Networks Limited and changed its name to DEN Networks Limited in June 2008. DEN Networks Limited was incorporated in 2007 and is headquartered in New Delhi, India.

How the Company Makes Money

DEN Networks generates revenue primarily through subscription fees from its cable television services, which include various channel packages tailored to different customer preferences. The company also earns income from broadband internet services by offering high-speed internet access to its subscribers. Additionally, DEN monetizes its platform through advertising revenue by collaborating with broadcasters and advertisers to display commercials during programming. Significant partnerships with content providers and technology firms enhance its service offerings and competitive edge, contributing to its overall earnings.

DEN Networks Limited Financial Statement Overview

Summary

DEN Networks Limited shows solid profitability and low leverage, indicating financial stability. However, declining revenue and cash flow volatility present challenges for growth and liquidity.

Income Statement

DEN Networks Limited's income statement shows a declining revenue trend over the years, with revenue dropping from 2021 to 2025. Gross profit margin is strong, but both EBIT and EBITDA margins have been inconsistent, revealing operational challenges. The net profit margin is relatively healthy, suggesting good cost management. However, the negative revenue growth rate is concerning for future prospects.

Balance Sheet

The balance sheet of DEN Networks Limited displays strong equity, with a high equity ratio indicating financial stability. The debt-to-equity ratio is low, suggesting limited leverage and reduced financial risk. Return on equity has been positive, reflecting profitability for shareholders. Overall, the balance sheet reflects a strong financial position, albeit with some fluctuations in asset management.

Cash Flow

Cash flow analysis indicates volatility, with fluctuating free cash flows over the years. The operating cash flow to net income ratio suggests that cash generation from operations is inconsistent, which could impact liquidity. The decline in free cash flow growth rate is a concern, indicating potential challenges in sustaining operations and growth without relying on external financing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.99B	10.05B	10.81B	11.04B	11.83B	12.90B
Gross Profit	4.07B	4.21B	4.74B	4.91B	5.56B	6.74B
EBITDA	2.98B	3.56B	3.62B	2.64B	3.24B	4.47B
Net Income	2.09B	2.00B	2.15B	2.43B	1.76B	1.98B
Balance Sheet
Total Assets	42.25B	41.42B	39.27B	37.59B	35.09B	34.54B
Cash, Cash Equivalents and Short-Term Investments	32.15B	31.98B	29.31B	25.15B	24.84B	23.94B
Total Debt	0.00	229.83M	255.11M	275.97M	0.00	0.00
Total Liabilities	5.11B	4.83B	4.63B	5.03B	4.96B	6.14B
Stockholders Equity	36.74B	36.20B	34.20B	32.07B	29.53B	27.75B
Cash Flow
Free Cash Flow	0.00	-231.37M	883.17M	399.93M	258.53M	1.06B
Operating Cash Flow	0.00	183.00M	1.42B	1.39B	1.29B	2.18B
Investing Cash Flow	0.00	-217.79M	-1.25B	-542.63M	-2.58B	-3.61B
Financing Cash Flow	0.00	-71.55M	-65.93M	-1.15B	959.00M	1.34B

DEN Networks Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 31.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEN, the sentiment is Negative. The current price of 31.89 is below the 20-day moving average (MA) of 32.14, below the 50-day MA of 33.34, and below the 200-day MA of 34.70, indicating a bearish trend. The MACD of -0.56 indicates Negative momentum. The RSI at 46.57 is Neutral, neither overbought nor oversold. The STOCH value of 72.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DEN.

DEN Networks Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTPL	61 Neutral	₹11.20B	27.60	―	2.00%	8.43%	-36.53%
DEN	60 Neutral	₹14.62B	7.62	―	―	-3.51%	-14.31%
HATHWAY	60 Neutral	₹24.14B	24.73	―	―	3.88%	-3.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SITINET	43 Neutral	₹427.31M	―	―	―	-6.97%	-25.25%
DISHTV	38 Underperform	₹8.27B	-1.42	―	―	-22.62%	66.73%

DEN Networks Limited Corporate Events

DEN Networks Announces Special Window for Share Transfer Requests

DEN Networks Limited has announced the publication of an advertisement regarding a special window for the re-lodgement of transfer requests of physical shares. This initiative, highlighted in prominent newspapers, indicates the company’s efforts to facilitate shareholder transactions and streamline its share transfer process, potentially impacting shareholder engagement and operational efficiency.

DEN Networks Approves Reclassification Request from Access Equity

DEN Networks Limited has received a request from Access Equity Private Limited (AEPL) to reclassify AEPL from the ‘promoter group’ to ‘public’ under SEBI regulations. The company’s Board of Directors has approved this reclassification, which is subject to stock exchange approval, as AEPL meets the necessary regulatory conditions.